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Seats for railway coaches taxable @18% GST: AAR
The Hon'ble AAR, Punjab in the matter of M/s. Sutlej Coach Products Pvt Ltd. held that 'Seats for Railway Coaches' supplied to Rail Coach Factory falls under Heading 9401, liable to GST at 18%, and cannot be classified at 5% under HSN 8607 as parts of Railway.
ITC credit limited to 20% if not reflected in GSTR 2A says new notification
Capping of 20% ITC w.r.t invoices/debit-notes not uploaded by supplier in GSTR-1
GSTR-3B is now a return u/s 39: Retrospective amendment from 1st July 2017
One of the important amendments is made in Rule 61(5) of the CGST Rules which deals with the "Form and manner of submission of monthly return" and states that where the time limit for furnishing FORM GSTR-1 and FORM GSTR-2 has been extended, then the Commissioner may, by notification, specify the manner and conditions subject to which the return shall be furnished in FORM GSTR- 3B.
Tax Relief curtailed for amount in arrears in SVLDRS - Circular issued adding ambiguity
The Government announced the Sabka Vishwas (Legacy Dispute Resolution) Scheme, 2019 ("SVLDRS, 2019" or "the Scheme") as a part of the recent Union Budget on...
Gist of Notifications issued to implement recommendations of GST Council meeting on Sep 20,2019
There are several changes proposed in GST rates on specified goods and services during the 37th GST Council meeting held on September 20, 2019.
Withdrawal of inimical Circular on Post-sale Discount
Background of the issue:To settle the haze surrounding on treatment of post-supply discounts under GST, the CBIC issued a Circular No. 105/24/2019-GST dated Jun...
Set the bird free from the cage of pre-GST legacy disputes
The Scheme 'Sabka Vishwas Scheme 2019' has now been notified and is in operation from September 1, 2019, which would continue till December 31, 2019.
Gujarat HC granted interim relief in writ challenging late fee for delayed filing of GSTR-3B
The Hon'ble Gujarat High Court in the matter of AAP & Co. vs Union of India has grants interim relief in writ challenging imposition of late fees for late filing of GSTR-3B under Section 47 of the CGST Act.
Interest/late fees for services of pre-GST era, received after 1st July 2017, are liable to GST
The AAR, Tamil Nadu in the case of M/s Chennai Port Trust has held that the amounts received on or after July 1, 2017 towards interest, late fees, penalty relating to services of lease/rent, due to delayed payment of consideration for those services rendered by Applicant before July 1, 2017, are liable to GST.
GST leviable on Mobilization Advance as on July 1, 2017 received for works contract service: AAR
The West Bengal AAR in the matter of Siemens Ltd. has ruled that the Applicant is deemed to have supplied works contract service to KMRCL
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